The chairman of Jizan Agricultural Development Company, Khaled Al-Shathri, said that the company achieved net profit of SR58.7 million in the first nine months of the year 2005. This is a 429 percent increase over the same period last year, which was SR 11.1 million. The return per share increased to SR11.7 per share compared with SR2.2 per share in the same period last year. He attributes the positive results to the company strategy that aims at increasing sales and reducing costs, according to a press statement published today.
